bad loans

 

Banco BPM ready to sell debt recovery business: CEO says

Jun 20 2018

Banco BPM (BAMI.MI) is ready to sell its debt collection business if potential buyers are willing to take on almost all of its remaining bad loans, its chief executive said.

EU should aim for 5% ceiling on banks' bad loans: Germany, France

Jun 20 2018

European Union banks should reduce the stock of bad loans to a maximum of 5% of the loans they hold, Germany and France said in a joint document.

Italy's doBank plans to take on $17 billion more in bad loans

Jun 19 2018

Italy’s doBank (DOB.MI) plans to take on the management of a further 15 billion euros ($17 billion) in bad loans by 2020 as it strives to preserve its sector leadership amid rising competition.

ECB seeks compromise solution to banks' bad loans problem

Jun 19 2018

European Central Bank supervisors are looking for a softer way to press euro zone lenders to deal with their bad loans after an earlier proposal met fierce opposition, two sources said.

NPA write-offs by PSBs surge 140 pc over their losses in FY'18

Jun 15 2018

PSBs have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

Urjit Patel likely to appear before par panel on June 12

Jun 11 2018

Urjit Patel is likely to face tough questions from a parliamentary panel tomorrow on a range of issues including amount of cash returned post demonetisation, the PNB fraud and the mounting bad loans.

SBI recorded highest NPAs in 2017-18: RTI reply

Jun 10 2018

SBI recorded its highest non-performing asset (NPAs) of Rs 1.1 lakh crore in 2017-18, almost equal to what it had registered in the decade before, RTI query revealed.

SBI to auction 12 bad ac/s this month to recover over Rs 1325 cr

Jun 10 2018

SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

FM Goyal announces committee to set up Asset Reconstruction Co

Jun 08 2018

Piyush Goyal announced setting up of a committee to give recommendations in two weeks on formation of an Asset Reconstruction Company for faster resolution of stressed accounts.

Bank of India Q4 loss widens to about Rs 4K cr on bad loans

May 28 2018

Bank of India reported widening of its net loss to Rs 3,969.27 cr in the March quarter due to higher provisioning for mounting bad loans.

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Stocks In News

 

ICICI BANK

I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports

BANK OF MAHARASHTRA

3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr

IPO UPDATE

RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1

IDBI BANK

SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets

INDIAN HOTELS

Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body

INDIGO CLARIFIES

Have not received any notice from ED on FEMA violations

WELSPUN CORP

U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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